Sellers in panic mode. WSJ reports biggest home sale collapse since 2009.

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A new report from the Wall Street Journal shows that home sales in the U.S. just collapsed to the lowest level since 2009. This indicates reduced homebuyer demand and increased risk of a housing market correction.
Home sales in March 2025 fell 5.9% from the previous month and by over 2% from the previous year. Demand in the housing market keeps declining in 2025, pushing downward pressure on home prices. Values are going down most in states like Florida, Arizona, Colorado, and California, due to a big increase in homes for sale.